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Background The Consumer Financial Protection Bureau (CFPB) is a relatively new agency that helps consumer finance markets work by making rules more effective, by consistently and fairly enforcing those rules, and by empowering consumers to take more control over their economic lives. CFPB work to give consumers the information they need to understand the terms of their agreements with financial companies. In addition

Background Credit risk management is of vital importance to financial institutions that provide loans to individuals and businesses. Credit loans have a risk of defaulting which can result in substantial financial losses for these institutions.  By improving credit risk management, financial institutions can greatly improve overall performance and secure a competitive advantage.   Statistical and predictive modeling